Non-fungible token economy in a developing country-Reference-Cited by-同舟云学术

Non-fungible token economy in a developing country

Published:2023 Issue:3 Volume:12 Page:120-127
ISSN:2306-6784
Container-title:Journal of Governance and Regulation
language:en
Short-container-title:JGR

Author:

Duangsin Vuttipat¹^ORCID,Kraiwanit Tanpat¹^ORCID,Thetlek Ruangchan¹^ORCID,Shaengchart Yarnaphat¹^ORCID

Affiliation:

1. Rangsit University

Abstract

Non-fungible tokens (NFTs) are a form of cryptocurrency that is commonly employed in sectors such as collectibles, art, and gaming (Pinto-Gutiérrez et al., 2022). The purpose of this study is to analyse the factors that affect NFT holdings in Thailand. The data was collected from 812 Thai residents who owned digital assets, and it was analysed using binary regression. The results indicated that NFT ownership could be predicted by NFT proficiency, marital status, age, and education, while occupation, monthly income, and savings were not significant. The paper proposes that the Thai government should collaborate with policymakers and regulators to create an extensive plan for the NFT industry, taking into account the significant factors (NFT competence, marital status, age, and education) in analysing investor behaviour, and blockchain companies may use the findings to increase NFT users through marketing.

Publisher

Virtus Interpress

Subject

Strategy and Management,Public Administration,Economics and Econometrics,Finance,Business and International Management

Link

https://virtusinterpress.org/IMG/pdf/jgrv12i3art13.pdf

Reference47 articles.

1. Aharon, D. Y., & Demir, E. (2022). NFTs and asset class spillovers: Lessons from the period around the COVID-19 pandemic. Finance Research Letters, 47(Part A), Article 102515. https://doi.org/10.1016/j.frl.2021.102515

2. Ahmad, G. N., Warokka, A., & Lestari, I. P. (2020). Financial risk tolerance analysis of Indonesian retail investors. Humanities & Social Sciences Reviews, 8(4), 852–875. https://doi.org/10.18510/hssr.2020.8484

3. Al Shehhi, A., Oudah, M., & Aung, Z. (2014). Investigating factors behind choosing a cryptocurrency. In International Conference on Industrial Engineering and Engineering Management (pp. 1443–1447). IEEE. https://doi.org/10.1109/IEEM.2014.7058877

4. Alnuaimi, N., Almemari, A., Madine, M., Salah, K., Al Breiki, H., & Jayaraman, R. (2022). NFT certificates and proof of delivery for fine jewelry and gemstones. IEEE Access, 10, 101263–101275. https://doi.org/10.1109/ACCESS.2022.3208698

5. Ante, L. (2021). Smart contracts on the blockchain — A bibliometric analysis and review. Telematics and Informatics, 57, Article 101519. https://doi.org/10.1016/j.tele.2020.101519

Cited by 2 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Digital Currency Adoption: A Comparative Analysis of Global Trends and the Nigerian eNaira Digital Currency;SN Computer Science;2024-05-29

2. NFTs;Advances in Electronic Commerce;2024-03-22